Many new Bitcoin investors are confused, they are wondering whether it is a good time for them to buy and hold Bitcoin at this time.?
It all depends, if you're planning on a short time hold for bitcoin buy, obviously this may not be the perfect timing, but if you're targeting on using a specific approach to buy and hold for long, you can try to use DCA in buying whenever the market has been found on a bear trend, then you buy the dip and hold, then continue with the process for long in buying, while you wait till the season for bull arrives.
We know that Bitcoin is currently in a volatile market, which is why we have seen Bitcoin fluctuate between 112k and 116k for several weeks. Which is why many Bitcoin investors are confused about accumulating more Bitcoin. I mean should they buy Bitcoin at this time?
I don't see a reason for confusion on this regard, Bitcoin is going to be a volatile currency for live, the recent surge we had were reported to be from the fed cut rate which had a significant impact on the the market, in general, the best time of buying bitcoin should be at the dip, after the fall of the market in bear season.
Do you think it would be right for me to buy Bitcoin at this time? I am waiting for your comments.
Consider the answer to this from the two quoted I made as reply for you on other aspects.